Kurt Barnard Quotes

It wasn't surprising really. The August same-store numbers really confirm the trend of slowing retail sales and consumer spending... August was the back-to-school that wasn't. August and back-to-school doesn't quite have the importance it did a decade ago, but outside of that make no mistake, consumer spending has slowed down and Americans are tapped out.

- Kurt Barnard

Tags

Surprising | August | Store | Numbers | Confirm |

comments powered by Disqus

Random

They are all planning very cautiously, very carefully. Some companies have very decent inventory controls, but however good those controls are they still have to do some economic forecasting, and forecasting is a little difficult this time around. Nobody is going to spring for big orders until there's evidence that consumer demand is back, and there is no such evidence to date. - Kurt Barnard

High-end stores depend on continued spending from clients that over the past four years have amassed considerable wealth... Sales at upscale stores like Saks and Neiman Marcus are also going strong because the stock market has been very customer friendly to this group. - Kurt Barnard

While it's true that Sears is stuck in a sales slump for a long time, the retailer has also been in a restructuring mode... By getting rid of the credit business, it can finally devote all its resources to its core business. I'm convinced Sears will deliver impressive results in the next six to 12 months. - Kurt Barnard